Nichols College to build, refinance, with $20M in bonds
Nichols College in Dudley will build a 27,500-square-foot academic building and finance other improvements, thanks to $20 million in tax-exempt bonds issued by MassDevelopment, the state’s finance and development agency.
The building will house the Institute for Women’s Leadership, academic support services, classrooms and offices, according to a statement from MassDevelopment. Bond proceeds will also help renovate and expand the college’s Chalmers Field House and improve campus lighting and landscaping, and other projects.
In addition, Nichols will refinance previous debt with bond proceeds, which financed the construction of dormitories, academic buildings and a gymnasium. Springfield-based United Bank purchased the bonds.
MassDevelopment President and CEO Marty Jones said the new facility will “open opportunities for even more students, especially women,” at Nichols.
“We are excited to work with MassDevelopment to provide our students with enhanced academic, fitness and recreational facilities as we move toward our vision of becoming the college of choice for business and leadership education,” college President Susan West Engelkemeyer said in a statement.
WBJ Web Partners
Most Recent
Most Recent
0 Comments